Chartwell Tech update

[jetset]

IT'S ALL HAPPENING AT CHARTWELL

Canuck provider spreads the news and supports IGREA

Calgary-based online gambling turnkey provider Chartwell Technology has issued an update on its activities, dealing with management changes, the Barney Frank bill, new games and the completion of the Poker Nexus deal.

CFO and operations director Dale Kearns has departed the company and his responsibilities have been taken over by the company's former controller, Alan Richter. Richter is a chartered accountant and prior to joining Chartwell worked for an Ottawa software company as VP Finance.

Senior director Rene Carrier has resigned from the board due to travel and professional demands associated with his active involvement in the international minerals exploration industry, and on the poker front Peter van Tuyl as been appointed Manager, Poker Operations, responsible for the development and management of the PokerNexus community of independent Chartwell licensees.

Chartwell confirms that it has completed the acquisition of the of the Chartwell powered poker community. PokerNexus is a community of independent poker operators that was previously managed by a private company, Elite Club Management Pte. Ltd. ("ECM"). The acquisition included hardware infrastructure, software and management systems together with a gross rake share previously owned by ECM (see previous InfoPowa report).

Chartwell has developed a unique suite of European card games in both download and no-download flash format which can be added to any gaming site. The company's new card room offering is a profitable and simple gaming content addition to any existing sportsbook, casino or poker site and provides the operator with the ability and tools to create their own unique promotional events.

Two new European focused card games have been released by the company. Amerikana and Telesina are Stud variants using 32 cards instead of a standard 52 card deck. Each game has slight rule differences which makes for greater excitement and entertainment for the player, the company claims. Amerikana and Telesina join the popular 32 Card Poker as part of the full poker gaming suite on the PokerNexus network. The games are all available in both Flash and download versions.

Chartwell uses the update to describe and support the Internet Gambling Regulation and Enforcement Act launched this week by the chairman of the House Financial Services Committee, Barney Frank. The bill seeks to introduce regulation and licencing for online gambling in the United States.

A company spokesman said, "Chartwell only licenses its software to licensees who operate in regulated environments and views this proposed legislation as a move in the right direction with respect to Internet gaming licensing and regulation in the United States."